The future Russian president’s climb began in the late 1990s, when he was head of the GKU, the government’s inspectorate charged with uncovering fraud and corruption in government and federal agencies. He used that position to build dossiers on Russian oligarchs, powerful businessmen who had accumulated great wealth during the era of Russian privatization in the 1990s. He detailed their finances and business transactions. Putin had dirt on everyone. Because the rule of law had broken down in Russia, the oligarchs regarded him as an arbiter whose persuasive power derived from holding them
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